Saudi Arabia to increase prices for most grades of oil

Saudi Arabia to increase prices for most grades of oil Saudi Arabia will raise prices for most types of oil for Asian buyers in July, state-owned Saudi Aramco said.
Energy
June 7, 2021 16:42
Saudi Arabia to increase prices for most grades of oil

Saudi Arabia will raise prices for most types of oil for Asian buyers in July, state-owned Saudi Aramco said.

Report informs that the price of the main grade of oil supplied to Asia - Arab Light - will rise by $0.2 per barrel. As a result, it will cost $1.9 per barrel more than an oil basket from Oman and Dubai.

Arab Heavy will drop in price by $0.1 per barrel. Oil prices for US buyers will not change. For the countries of northwestern Europe – the prices will go up by $0.6-$1.4 per barrel, and for the Mediterranean countries, the increase will be around $0.4-$1.1 per barrel.

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